Although I am not a holder of SSN I am watching very closely as I hold another shale player.
Your IP 0f 1600 is not earth shattering and taking into account you will have a 40% decline within 90 days makes it just a normal well. It will be agood money spinner but probably not what the market thought. I have seen this with my holding of SEA as well. Its the longer term cumulative stuff.
Your reserves will be a bigger sp driver than this result.
I am not knocking the stock just putting a non holder perspective on it as I have seen this response before with other aussie shale players.
At the end of the day the aussie market doesn;t still get it - the shale play that is.
SSN Price at posting:
7.1¢ Sentiment: None Disclosure: Not Held